XRP News Today: XRP Faces Potential Bearish Reversal as Brandt Identifies Head & Shoulders Top

Renowned commodities trader and technical analyst Peter Brandt recently shared his insights on XRP’s price action, suggesting a potential Head & Shoulders (H&S) top formation on the charts. Brandt, known for his traditional charting methodologies, posted his analysis on X (formerly Twitter), highlighting a critical juncture for the cryptocurrency. His analysis advises treating the sharp price surge experienced around April 7 as an “out-of-line movement,” implying it may be an anomaly that should be excluded from standard pattern recognition. With this adjustment, he identifies a “possible H&S top in $XRP,” a pattern typically signaling a bearish reversal.

Brandt immediately tempered expectations for those less familiar with technical analysis, specifically addressing “uneducated trolls.” He clarified that despite the potential H&S pattern, the chart “need NOT be interpreted as bearish” at present. Crucially, Brandt emphasized that “Price is at support right now.” This indicates that XRP’s current trading level is a significant technical area where buying interest might emerge, potentially negating the bearish implications of the H&S formation. The veteran analyst concluded his observation by setting a clear trigger for a revised outlook: “I will review if price closes below 1.8xxxx.” This suggests that a sustained break below this specific price level would be required for him to consider the H&S pattern confirmed and adopt a bearish stance on XRP. Investors and traders will likely be watching this support level closely in the coming days.

Veteran trader and renowned chartist Peter Brandt has recently drawn attention to a potential head and shoulders (H&S) top forming on the weekly chart of XRP. This analysis comes at a time of heightened geopolitical tensions, which have cast uncertainty over the cryptocurrency's next direction. XRP is currently trading around $2.03, following a sharp drop triggered by global unrest. This recent price action has placed XRP at a technically sensitive point, with Brandt noting that the asset is holding just above a crucial neckline level that could determine whether the market turns decisively bearish.

Brandt's analysis focuses on an H&S formation that began to take shape in late 2024. The left shoulder appeared in December, following XRP’s rally to $2.90 and its subsequent pullback. The head formed in January 2025 when the price surged to $3.40. The right shoulder developed in May as XRP climbed to $2.65. Brandt disregards the sharp April 7 drop to $1.61, calling it an outlier caused by extreme volatility. Without this anomaly, the pattern remains cleaner and more symmetrical. The neckline of the structure lies at $1.875—a level XRP is now hovering just above. Brandt emphasized that the H&S pattern would only be validated if XRP closes a weekly candle below $1.80. Should this occur, it could pave the way for a deeper correction. Until then, the setup remains technically plausible but unconfirmed.

Beyond chart patterns, broader technical indicators paint a picture of indecision. The 8-week and 18-week exponential moving averages have flattened and now run closely together, often a sign that momentum is fading. Supporting this view, the Average Directional Index (ADX), which measures trend strength, is currently at 16.41—well below the threshold that indicates a strong trend. Meanwhile, the Average True Range (ATR) has contracted to 0.486, signaling reduced volatility. When both momentum and volatility decline, the stage is often set for a sudden and decisive move in either direction.

While Brandt’s analysis introduces caution, some analysts remain optimistic. CryptoInsightsUK noted a significant liquidity build-up around the $1.87 mark and suggested that XRP could briefly dip below this level—possibly to $1.72—to shake out weak hands before rebounding. He also highlighted that liquidity pools exist above current prices, hinting that any upward breakout could trigger a sharp rally. Similarly, analyst EGRAG Crypto took a more bullish stance. He pointed out that XRP recently retested a critical support zone—what he calls the “white box”—and held firm. According to him, this successful retest is a bullish signal. EGRAG outlined two possible paths for XRP: either continued correction or a bounce toward new highs. However, he warned that XRP needs to reclaim the $2.08 level soon to preserve its upward momentum. If not, the asset risks dropping to $1.90 or $1.77, with $1.47 acting as a last-resort support level if selling pressure intensifies.

XRP now stands at a crossroads, with technical patterns, key support levels, and geopolitical events all converging. Whether Brandt’s bearish projection plays out or XRP defies expectations remains to be seen. One thing is certain—this is a critical juncture that demands sharp analysis and a strategic approach. As Peter Brandt hinted, this isn’t a moment for guesswork. Only those with a deep understanding of market dynamics will be prepared for what comes next.